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Friday, August 11, 2023

FTX founder Sam Bankman-Fried jailed after bail revoked

A US judge has cancelled the bail of Sam Bankman-Fried, the creator of the insolvent FTX cryptocurrency exchange, citing reasonable suspicion that he attempted to influence at least two witnesses ahead of his fraud trial for allegedly misappropriating billions of dollars in FTX customer deposits to fund his other businesses.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/THiWA6e

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Industrial output grows 5.8% in FY24, slows a tad in March

Numbers released by the National Statistical Office on Friday showed the index of industrial production (IIP) rose an annual 4.9% in March, ...